US stocks head for worst day since 2020 amid recession fears

  • 📰 SkyNews
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 67%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Bad news for a number of major US retailers spooked investors, many of whom were already concerned about spiking inflation.

Why you can trust Sky News

The Dow dropped nearly 4% after a series of retailers posted disappointing results, its largest decline since October 2020. Target's quarterly results also badly missed analysts' expectations, sending its share price crashing down to its worst day since 1987.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Not good news.

Sack 99% of the brokers and no more crashes.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 35. in AU

Australia Australia Latest News, Australia Australia Headlines